London 25/12/08-The overseas property website Homesgofast.com joined other retailers in attracting thousands of potential buyers to Christmas online bargains. The upside to the global slowdown is that international real estate prices are at the lowest ever and for investors there seems to be no better time to buy. Visitors arriving at the site for terms relating to cheap property abroad or bank owned...

Despite the world wide financial crisis, luxury housing in the Philippines remains a strong market. According to real estate analyst Jones Lang LaSalle, demand for high-end property in the island nation is strong and resilient.   Jones Lang LaSalle recently released its Asia Pacific Property Digest for the third quarter, and there is strong demand for local high end properties. Claro Cordero, head of...

Portugal seems just the place to get away from all the financial gloom for thousands of Christmas holiday makers.  Bookings in Portugal for Christmas and New Year’s hotel rooms are strong, according to news reports in the Portugal News. The Tivoli Group, one of the country’s largest hotel chains, indicated that holiday bookings have been solid and they expect a good end of the year.   “At this time...

Economists in the Czech Republic have indicated the country’s economy is dependent on the development and growth of the Western European economy, according to a new poll published by the Czech News Agency. Economic growth is expected to slow to 2 percent for 2009, with some economists predicting an even great slowing to 1 percent.   CSOB analyst Petr Dufek noted that “The main factor which will set...

Beijing is planning to increase its investment in renovating and upgrading downtown residential buildings in 2009. The city currently plans to spend between 1.5 billion yuan (approximately US $220.6 million) and 2 billion yuan during the course of the year.   The investment in property in Beijing will affect some 20,000 homes and residents in the districts of Dongchen, Xicheng, Chongwen and Xuanwu. Vice...

Even as the United States economy is in a recession and mortgage lending remains very tight, bargains on new and existing homes are driving sales across Florida. Statewide, sales increased 15 percent for the month as the median price fell 24 percent to $169,700. Sales for October in Broward County rose 46 percent, according to the Florida Association of Realtors. The median price dropped 29 percent to...

The property market in London was one of the hottest markets in the world not long ago. Over the past several months, however, the market has dropped significantly. Prime central London property values have dropped 8.7 percent for all of 2008 and some 20 percent since September of 2007, when prices were at their peak.   Average property values in London are now around the autumn, 2006 levels, according to...

A brand new luxury residential development is set for the heart of Kuala Lumpur city center (KLCC). The new property is called The Regent Residences Kuala Lumpur and will be a 38-floor high rise with serviced apartments and direct access to the underground Light Rail Transit (LRT).   Jennifer Chow, senior manager of corporate communications for Malaysian property company DutaLand Berhad is impressed by...

The government of Cyprus has recently given the go-ahead for as many as four new marinas for the island country in a bid to increase tourism. The resort destination of Limassol will be home to the grandest marina of all.   Limassol Marina will begin construction in early 2009 and will have its own artificial island. There will be 1,000 berths available with 400 connected to the mainland and 600 on the new...

Once one of the most exclusive spas in Europe, which had been lost for centuries has been fully restored to its former glory. The long forgotten piece of Renaissance history is now an awe-inspiring private retreat, and is available to buy through independent real estate agency 2,500,000 Euros. The spa was originally set in the complex of gardens and buildings known as the Orti Oricellari, a magnet for some...